Credit Union Card Growth Outspaces Banks

Jim DuPlessis, in a June 11, 2019 article in cutimes.com, reports that credit unions held $61.8 billion in credit card debt in April, 2019, up 8.3% from a year earlier, according to a Fed report.

Increasing credit card portfolios may be a source of increasing loan revenues, but credit card debt has its own unique risks and needs to carefully managed.

TCT’s Credit Migration tool assures risk is managed appropriately in credit card loan portfolios.